Shimao Group shares briefly plunged more than 17% Friday after Reuters reported the property developer failed to make full repayment on a trust loan.
The company attributed the shortfall to a failure to sell assets.
Before the broader market started paying attention to Evergrande, the market in June only viewed 15% of developers as negative, the analysis found. "In the future, [I] wouldn't be surprised if there are more defaults beyond bonds, beyond loans, different types of products," Ng said.would be news of capital injection from a state-backed fund.
France Dernières Nouvelles, France Actualités
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